Page 4 - Jet Fuel

IndiGo terms Budget 2022 as growth-oriented, expects duty cut on jet fuel

Budget carrier IndiGo termed the Union Budget 2022-23 as "growth-oriented" while expecting a cut in the excise duty on jet fuel.

Gujarat govt announces reduction in VAT on aviation turbine fuel by 20%

The Gujarat government on Tuesday announced a 20 per cent reduction in value-added tax (VAT) on aviation turbine fuel (ATF) to bring the levy at 5 per cent in a move to boost tourism in the state.

IOC gets Rs 2,281 crore as Air India clears 80% of jet fuel dues

State-owned fuel company lists recovery from carrier and increasing air traffic as positives for its business.

Karnataka government reduces VAT on aviation turbine fuel to 18%

The decision will bring relief to airlines and help airlines reduce their fuel expenses

Nevada airport faces cargo, passenger flight delays from jet fuel shortage

The airport serving Nevada's second largest metro area faces a shortage of jet fuel that could force the cancellation of cargo and passenger fights that could restrict the flow essential goods

Air travel may become expensive as jet fuel price increases again

State-run refiners increased the jet fuel prices on Friday adding more worries to the Indian carriers struggling to reboot operations after extensive disruptions due to the fresh wave of pandemic

HPCL Aviation wing commissions fuel station at Assam's Rupsi Airport

Hindustan Petroleum Corporation Ltd (HPCL) Aviation wing has commissioned its aviation fuel station at Rupsi Airport in Assam's Kokrajhar district

ATF price hiked 6.7%; petrol, diesel price increase may be on the anvil

The increase in price comes after two rounds of reduction last month

Jet fuel price cut by 1% amid softening international crude oil prices

This is the second reduction in rates this month

Jet fuel price cut by 3% in line with softening international crude prices

In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3 per cent in line with softening international crude oil prices

Civil aviation min working on demand to bring jet fuel under GST: Kharola

ATF or jet fuel cost in India is among the highest in the world and the industry has long been demanding that it should be brought under GST regime

Top headlines: PM Modi receives Covid jab; ATF price raised by a steep 6.5%

Business Standard brings you top news of the evening

Airspace stimulus to save over Rs 1,000-crore in jet fuel costs in FY21

Aviation turbine fuel accounts for 35-40 per cent of the total operating cost of an Indian airline

Demand for petrol and diesel back to normal, jet fuel remains tepid

Diesel purchases went up for first time this financial year in October 1-15 period. Consumption of diesel was up 8.8%, of petrol by 1.5% YoY

Jet fuel price up almost 2%, kerosene rate cut by Rs 2.19 per litre

Jet fuel (ATF) price was hiked by almost 2 per cent on Thursday, while rate of kerosene sold through PDS was cut by Rs 2.19 per litre as oil firms synced rates in line with international cost.

Thanks to Covid, jet fuel is so cheap it's being blended for use by ships

The shift, almost unthinkable just a year ago, reflects the obliteration of demand the aviation industry has suffered in the wake of the Covid-19 pandemic

Non-subsidised LPG price hiked marginally in metros, jet fuel up by 7.5%

Simultaneously, non-subsidised cooking gas LPG rates were increased by Re 1 to Rs 594 per 14.2-kg cylinder in the national capital

Jet fuel price increased by 16.3% as international oil rates firm up

Simultaneously, petrol and diesel prices were hiked for the 10th day in a row

Covid-19: Jet fuel refining margins turn negative as airlines ground fleets

Refining margins for jet fuel plunged to minus 7 cents per barrel over Dubai crude on Monday, a level not seen in the last 11 years

Jet fuel prices cut by steep 10% as oil slumps over coronavirus outbreak

The rate of non-subsidised LPG was also reduced to Rs 805.50 per 14.2-kg cylinder from Rs 858.50 previously